This Query has 1 replies
I have worked in a pvt company and also I have some small business income. Can I declare the business income in income from other sources in Itr2? Is there any limitations in the section?
This Query has 4 replies
I hold 3 accounts in a foreign country for trading stocks. One is a savings account which was opened long back during my employment and has a small balance in it.
Second one is a brokerage account as in a Trading account which facilitates purchase and sale of transactions for a brokerage cost and last a custodian account like NSDL/CSDL in India for holding securities.
Dividends which I receive from investment are directly credited to the savings account. Under Table A1 in FA schedule savings accounts gross credits during calendar year only applies to interest recieved.
My question is in which table can I show this account in addition to table A1, so my reporting covers dividend recieved.
I assume under table A2 I will have to report my trading and custodian accounts
This Query has 1 replies
Last year I moved to UK and spent over 60 days in the FY 2023-24. And will be considered as India resident. I’ve all my income in UK with tax paid per the UK slabs.
But since now my income needs to taxed in India, can I get any rebate like HRA & LTA… There is no component in my UK salary for such rebates or salary break down…
With the same salary entered for taxation in India is coming out to have additional tax liability? has anyone worked on queries like this before?
This Query has 1 replies
Hai myself Rajesh
I am working in 2 colleges as a lecturer under contract basis. The college authority deducted tds under section 194c and 194JB. My total receipts Rs.434380/- for fy 2023-2024 ( Total TDS deducted Rs.10650/-). In which ITR i should file returns. which is the business or professional code for my profession. can i come under any "presumptive under sections " ? can i get tds refunded?
Kindly guide me in detail. it is humbe rquest to sujjest me.
This Query has 3 replies
Can we declare laboratory income u/s 44ada ?
and if yes then under Medical Services or Technical Services ??
This Query has 1 replies
A statutory body is enacted as per Advocate Act 1961. As per Supreme Court Judgment, income of statutory body is exempt u/s 10 (23 A) and section 11.
Since AY 2020-21, Form 10 B is mandatory to be filed. Due to lack of knowledge, Form 10B was not filed in time.
Income tax sent notices since AY 2020-21 , 2022-23, 2023-24 and made all income taxable. How to solve all the problems. Please guide.
This Query has 1 replies
Hello Sir/Madam,
I have query regarding, Deductions permissible for section Section 57(ii) and (iii).
I have rented flat , I have done some repairing in that Flat (like Painting), For that I had spend Rs 1200.
can I claim Rs 12000 against Section deduction in section 57(ii) and (iii).
This Query has 6 replies
Dear all,
Our company has given one vendor a comprehensive contract for the design, material procurement, construction, and installation of a Biogas plant.
I wanted to know at what rate TDS will apply on such a contract type.
Thanks & Regards,
Ravi Konda
This Query has 8 replies
Hello sir, I work as a freelancer in a Crypto Casino site as a chat moderator
The total amount of transactions came to 1.5 lac for the financial year.
Now my question is do I need to pay 30% tax?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Rent agreement for HRA